Certain Common Stock of DAIWA TSUSHIN Co., Ltd are subject to a Lock-Up Agreement Ending on 23-JUN-2023. These Common Stock will be under lockup for 179 days starting from 26-DEC-2022 to 23-JUN-2023.

Details:
Hidenari Iwamoto, the seller and lender of shares, and Kenji Maeda, Yoshitaka Kumada, IWAMOTO Asset Management K.K., and Katsuyo Taga, the sellers, in relation to the secondary offering by purchase and acceptance by the underwriters, During the period from the date of conclusion of the principal underwriting agreement to June 23, 2023, which is 180 days after the listing (trading start) date (including the day) (hereinafter referred to as the “lock-up period”), Without written consent, the sale of the Company's common stock (however, the sale of the Company's common stock by the underwriter's purchase and acceptance, the lending of the Company's common stock for the over-allotment, and the sale of the Company's common stock subject to the green shoe option as the principal) ), etc., except for acquisition by the managing company.

In addition, during the lockup period, the Company will not allow the lead manager to issue shares of common stock of the Company, issue securities that will be converted or exchanged for shares of common stock of the Company, or issue common shares of the Company without the prior written consent of the lead manager. We have agreed not to issue securities with the right to acquire or receive shares (excluding stock splits and issuance of subscription rights to shares as stock options, etc.) . In any of the above cases, the lead managing company has the authority to cancel all or part of the agreement at its discretion even during the lockup period .